The platform isn't just resting on its early success. Aave has introduced new incentives to maintain its momentum.

AAVE's ecosystem upgrade could mark the beginning of a new wave of liquidity inflows.

Recent crypto whale metrics surrounding DeFi tokens have garnered immense investor optimism, suggesting that price gains for some coins are imminent despite the ongoing market uncertainty. Whale data on Thursday, April 17, indicated that large-scale investors stacked over $20 million in AAVE and UNI.

The Ethereum scaling-focused ZKsync team said one of their admin accounts was accessed and compromised, leading to the theft of over 100 million tokens.

ZKsync suffered a breach, resulting in $5 million in stolen ZK tokens. An admin account, particularly one with links to smart contracts responsible for airdrops, was compromised.

ZKsync and KiloEx are responding to separate security incidents involving a combined loss of over $12 million, as both platforms work with partners to recover funds.

Hacks are, unfortunately, rather common in crypto. However, a hack of the airdrop funds is rather unusual.

A ZKsync admin account was compromised on April 15, which allowed an attacker to mint about $5 million worth of unclaimed ZK tokens.

The administrator account for the Ethereum layer-2 scaling network ZKsync has been compromised, resulting in $5 million in losses.

On April 15, 2025, ZKsync confirmed that $5 million worth of ZK tokens were stolen after an admin wallet linked to the project's airdrop contracts was compromised.

A hacker compromised a ZKsync admin account on April 15, minting $5 million worth of unclaimed airdrop tokens, according to a statement from the official ZKsync X account. The attack was described as isolated, with no user funds affected.Following an investigation, ZKsync detailed the incident on April 15, disclosing that the compromised account had administrative control over three airdrop distribution contracts.

ZKsync's admin account was hacked, stealing $5M in tokens. The project confirms user funds are secure.

The protocol said that all user funds were safe.

Ethereum (ETH) Layer-2 scaling solution ZKsync (ZK) has suffered a significant exploit, resulting in the loss of $5 million worth of ZK tokens. The breach, which targeted the platform's smart contract infrastructure, has been acknowledged by the protocol through a post to the social media platform X.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

A compromised admin account connected to ZKsync's airdrop contracts executed a transaction that minted approximately $5 million worth of ZK tokens, stealing the remaining unclaimed allocation from the network's first token distribution. The attacker exploited a function to claim the tokens on April 15 and issued around 111 million ZK tokens, equivalent to roughly 0.

ZKsync confirms that approximately $5 million in airdrop tokens were stolen due to a compromised admin account.

TL;DR ZKsync suffered a cyber attack that compromised an admin account, stealing around $5 million in ZK tokens from unclaimed airdrop funds. The protocol ensured that user funds are safe and were unaffected, maintaining the integrity of the contracts and the ZK token. The attack caused a 8.3% drop in the price of ZK.

ZKsync confirmed that a compromised admin account drained approximately $5 million worth of ZK tokens from its airdrop contract.

On Tuesday, shortly before 10 a.m., Zksync revealed a breached administrative account had commandeered $5 million in ZK tokens. The cryptocurrency nosedived 13% against the U.S. dollar to $0.04151 in the wake of the announcement, erasing gains with algorithmic swiftness.

ZKsync announced that one of its admin accounts, which controlled $5 million worth of ZK tokens, was hacked. The project has also reportedly dumped more than 66 million additional tokens.

The ZK token, introduced in June 2024 through a controversial airdrop, is down approximately 15%, according to The Block's data page.

The exploit highlights vulnerabilities in crypto airdrop security, potentially undermining investor confidence and impacting market stability. The post ZKsync's ZK token drops over 15% after airdrop contract exploit, $5 million stolen appeared first on Crypto Briefing.

An admin wallet for layer-2 blockchain ZKsync was compromised on Tuesday with the hacker taking off with $5 million worth of ZK tokens.

It is a clear leg up over what Europe's top fintechs and banks are offering. With the ECB taking a different path from its U.S. and U.K., this DeFi yield stands out.

This past week, Aave V3 on the Ethereum mainnet experienced its highest daily liquidations since early February, coinciding with significant market volatility. According to Galaxy Research, approximately $98.6 million in collateral was liquidated between April 6 and 7, following a similar trend earlier in the year when around $211.

Will AAVE outpace fintech giants in the yield race?

Aave-Chan Initiative Founder Marc Zeller unpacks Aave's efforts at decentralization, buyback initiatives and the GHO stablecoin.

Aave's tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol's governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks.

The first AAVE buyback proposal secured 99.63% approval. The full strategy is designed to execute $1 million in weekly buybacks over six months.

The Aave DAO has overwhelmingly approved a $4 million AAVE token buyback, launching the first phase of a broader initiative to overhaul the protocol's tokenomics.

Aave DAO members are voting on a proposal to add Pendle's Principal Tokens to its V3 Core market. The proposal, posted on the web3 voting platform Snapshot on Apr. 7, suggests listing an initial PT test asset.

It's been a mixed bag for those interested in AAVE.

Several major developments across various ecosystems are expected this week, suggesting imminent volatility for tokens within the respective niches. From Aave buybacks to Trump's reciprocal tariffs, some very interesting updates are in the pipeline.

Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol.

DeFi's largest protocol, the Aave decentralized autonomous organization (DAO), has officially approved a $1 million token buyback initiative that will start on April 9. The proposal secured 439,000 votes in favor, well above the required 320,000 quorum, while only 2,020 votes opposed it.

Stani Kulechov's Lens Protocol has launched its ZKsync-powered Layer 2 Lens Chain to propel web3 social networking and data ownership.

Lens Chain mainnet goes live using an inexpensive Ethereum overlay blockchain designed for building decentralized social media applications.

Chainlink (LINK) was also among the underperformers, falling 4.7% from Tuesday.

The $159 level is a key support to watch for Aave (AAVE), while a break below could send prices toward $128.

AAVE is likely to establish a new high as more liquidity pours in.

TL;DR Aave integrates Chainlink Smart Value Recapture (SVR) on Ethereum to recapture the MEV associated with loan liquidations in DeFi protocols. The SVR solution allows DeFi protocols to recover value lost in block building, improving the DeFi economy in a sustainable and transparent way.

The Aave community has voted to allow the adoption of Chainlink's Smart Value Recapture feature as the protocol looks to reclaim millions in maximum extractable value lost to oracles.

Decentralized finance protocol Aave has integrated Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with this coming on the back of a community vote. The integration is an initiative of Chainlink and Aave (AAVE) ecosystem contributors BGD Labs, and Aave Chan Initiative, according to an announcement.

The Aave DAO community has formalized the integration of Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with the goal of recovering the value extractable from oracles (Oracle Extractable Value, OEV) related to liquidations and converting it into a new source of revenue for the protocol. The decision, confirmed by an on-chain vote, marks a turning point for decentralized finance (DeFi), ushering in a sustainable model that reintegrates into the system the value technically lost during liquidation operations.

The crypto market dipped into the red over the past 24 hours as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap dropped to $2.86 trillion.

This week, several significant events are poised to impact the crypto market. The new SEC chair ascension, developments in Ethereum's Pectra Upgrade, and new ecosystem developments have the crypto space buzzing with anticipation.

AAVE could be a focal point for traders this week.